GAP Plus

Will You Owe More on Your Vehicle Loan Than Your Vehicle is Worth?

Guaranteed Asset Protection (GAP) insurance can help fill in the “gap” between what your vehicle insurance will pay and what you owe on your loan, to cushion you against sudden out of pocket expenses if your vehicle is totaled. With GAP Plus it also helps you get into your next vehicle by reducing your next loan at the credit union by $1000.00.

Our GAP Plus program includes Deductible Assistance which is designed to provide financial relief when your vehicle is damaged but not deemed a total loss. If repairs cost more than  your deductible, the deductible amount is applied to your vehicle loan at the credit union, reducing what you owe.

Pricing effective April 12, 2021:

GAP PLUS

  • $475 for Cars, Trucks, Motorcycles, & Power Sports
  • $575 for Watercrafts
  • $675 for Recreational Vehicles

Disclosure: Your purchase of MEMBER’S CHOICE™ Guaranteed Asset Protection (GAP), which includes deductible assistance, is optional and will not affect your application for credit or the terms of any credit agreement you have with us. Certain eligibility requirements, conditions, and exclusions may apply. You will receive the contract before you are required to pay for GAP. You should carefully read the contract for a full explanation of the terms. If you choose GAP, adding the GAP fee to your loan amount will increase the cost of GAP. You may cancel GAP at any time. If you cancel GAP within 90 days you will receive a full refund of any fee paid. GAP purchased from state chartered credit unions in FL, GA, IA, RI, UT, VT, and WI, may be with or without a refund provision. Prices of the refundable and non-refundable products are likely to differ. If you choose a refundable product, you may cancel at any time during the loan and receive a refund of the unearned fee. GAP purchased from state chartered credit unions in CO, MO, or SC may be canceled at any time during the loan and receive a refund of the unearned fee. GAP purchased from state chartered credit unions in IN may be with or without a refund provision. If the credit union offers a refund provision, you may cancel at any time during the loan and receive a refund of the unearned fee. GAP-2488407.1-0419-0521 © CUNA Mutual Group, 2019. All Rights Reserved.

Skip to content